Report to Mayor and City Council
Tuesday, April 05, 2022
Discussion
SUBJECT:
Title
CONSIDER RESOLUTION NO. 22-051 APPROVING THE PURCHASE AND SALE AGREEMENT FOR REAL PROPERTY AND JOINT ESCROW INSTRUCTIONS FOR SALE OF PROPERTY OWNED BY THE CITY OF CARSON LOCATED AT 2403 E. 223RD STREET (APN: 7315-012-900, 7315-012-804) FROM THE CITY OF CARSON TO WIN CHEVROLET, INC AND MAKING FINDINGS RELATED TO THE PROPOSED SALE (CITY COUNCIL)
Body
I. SUMMARY
This matter relates to the City's potential disposition of 4.16 gross acres or a net 3.15 acres (137,285 sq. ft. after easements) of City-owned undeveloped real property located at 2403 E. 223rd Street (APN: 7315-012-900, 7315-012-804) ("Property") as visually depicted under Vicinity Map (Exhibit No. 1). The Property is located south of Interstate 405 (I-405), west of the Alameda Corridor (rail corridor), and north of East 223rd Street. Under the proposed Purchase and Sale Agreement ("PSA") (Exhibit No. 2), the City would sell the Property to WIN Chevrolet, Inc. ("WIN") for $8,000,000. WIN currently leases a portion of the Property from the City for storage of automobile inventory to support its nearby car dealerships and intends to purchase and use the Property for the same purpose.
The City's charter requires the Planning Commission and City Council determine that the sale of the Property is consistent with the City's General Plan. Additionally, pursuant to California Government Code Section 37350, the City is also able to dispose real property for the common benefit of the community, and to ensure compliance, certain findings should be made by the City's legislative body. The findings of General Plan consistency and common benefit requirements are incorporated under the Resolution No. 22-051 (Exhibit No. 3) for Council's consideration and adoption. On February 22, the Planning Commission approved PC Resolution No. 22-2824 (Exhibit No. 4) making similar required findings to dispose the Property.
II. RECOMMENDATION
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